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Change Name in Share Certificate in Assam

Change Name in Share Certificate in Assam

There are several steps and requirements for Change Name in Share Certificate in Assam. To make the process smoother, it’s important to understand the requirements and the process involved. You need to walk through a comprehensive overview of how to change your name on a share certificate in Assam, including the necessary documents and procedures to follow.

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Eligibility to Obtain Share Certificate Online in Assam

Obtaining a share certificate in Assam involves the following steps:

Purchase of shares:

The first step in obtaining a share certificate is to purchase shares from a company. This can be done through the stock market or directly from the company.

Application for certificate:

Once the shares have been purchased, the shareholder must make a formal request for a certificate to the company that issued the shares. This can be done by submitting an application form along with any required documentation.

Verification of information:

The company will verify the information provided in the application form, including the shareholder’s name, address, and number of shares held.

Issuance of certificate:

Once the information has been verified, the company will issue the share certificate to the shareholder. The certificate will include the name of the shareholder, the number of shares held, and the value of the shares.

Payment of stamp duty:

In Assam, stamp duty must be paid on share certificates. The amount of stamp duty payable will depend on the value of the shares.

Notification in Gazette:

The issuance of a share certificate must be notified in the official gazette. This is a mandatory requirement in Assam.

Keep a copy of the certificate:

A copy of the certificate should be kept by the shareholder for their records. In the future, this copy can be used to prove ownership and for reference. A share certificate may be obtained in different ways by different companies and in different states in India. It is advisable to check with the company for specific requirements and processes.

Name Change in Share Certificate in Assam

Share certificates are legal documents that show ownership of shares in a company. If you want to change your name on a share certificate in Assam, you must follow certain steps and requirements. You may need to change your name on your share certificate in different states in India.

To change your name on a share certificate, you must first change your name legally. This can be done by submitting a notification of the name change to the government’s Gazette office and publishing an advertisement of the change in two local newspapers – one in English and one in the regional language.

The notification must include the old name and the new name, along with the reasons for the change. After publishing the advertisement, you must submit copies of the newspapers to the Gazette office.

Why do people opt for Changing Name in Share Certificate in Assam

People may choose to change their name on a share certificate in Assam for a variety of reasons. Some common reasons include:

Marriage:

After getting married, many women change their last name, which should be updated on all official documents, including share certificates.

Divorce:

In the case of a divorce, people may choose to revert back to their maiden name or adopt a new name.
Personal preference: Some individuals may simply prefer to go by a different name and wish to update their official documents, including their share certificates, to reflect this change.

Legality:

In some cases, people may change their name due to legal reasons, such as adopting a new name after immigrating to India.

Clarity:

If a person has a common name that is easily confused with others, they may choose to change their name to a more unique name for clarity purposes.

Documents Required for Change Name in Share Certificate in Assam

Required Documents for Changing name in Share Certificate in Assam

The essential documents required to change name in a share certificate in Assam are:

Affidavit of name change:

An affidavit signed by the shareholder and attested by a Notary Public, specifying the old name and the new name.

Proof of Identity:

A copy of the shareholder’s passport, PAN card, or any other government-issued identity proof with the new name.

Proof of Address:

A copy of the shareholder’s recent utility bill or bank statement that confirms the new name and current address.
Original share certificate:

The original share certificate that needs to be corrected.

Newspaper advertisement:

A copy of the ad that appears in two local newspapers (one in English and one in the regional language) announcing the change of name.

Gazette Notification:

A copy of the official gazette notification confirming the change of name.

Payment receipt of stamp duty:

A receipt showing payment of stamp duty for the change of name. The required documents may vary depending on the company issuing the share certificate and the state in which the company is located.

Procedure to Change Name in Share Certificate in Assam

Step by Step Process of Change Name in Share Certificate in Assam

Here are the steps involved in changing your name on a share certificate in Assam:

Change your name legally:

You must legally change your name in order to change your name on a share certificate. This can be done by filing a petition in the court, obtaining a gazette notification, and obtaining a new passport or other government-issued ID with your new name.

Obtain an affidavit:

You will need to obtain an affidavit in support of the name change. This document should be notarized by a local notary and include details of the old name and the new name.

Newspaper advertisement:

Next, two local newspapers must be notified of the name change, one in English and one in the regional language. It is a mandatory requirement in Assam.

Gazette Publication:

After publishing the advertisement, the applicant must submit a copy of the two newspapers along with the Affidavit to the Department of Publication in Assam.

Submit the required documents:

You will need to submit the following documents to the company that issued the shares: the original share certificate, the affidavit, and copies of the newspaper advertisements. You may also need to submit proof of identity and address.

Payment of stamp duty:

In Assam, stamp duty must be paid on the change of name in a share certificate. The amount of stamp duty payable will depend on the value of the shares.

Update the company records:

Once the company has received all the required documents and payment, they will update their records to reflect the change of name on the share certificate.

Receive the updated certificate:

The updated share certificate will be issued to the shareholder with the new name.

Conclusion

In conclusion, changing a name in a share certificate in Assam requires a series of steps and the submission of specific documents. The process starts with obtaining a name change affidavit and publishing a name change advertisement in a newspaper.

The applicant must then publish the name change in the Official Gazette and submit all the required documents, including the affidavit and newspaper ad copies, to the concerned authorities. It’s essential to follow the correct procedures and pay any applicable stamp duty to ensure a seamless and legally valid name change in a share certificate. It’s advisable to seek the assistance of a professional or visit the relevant department’s official website for further information and guidance on the process of name change in Assam.

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